Siemens Chief Faces Heat On Price For Equipment Maker

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

(FROM THE WALL STREET JOURNAL 1/26/15) By Christopher Alessi At Siemens AG's annual general meeting in Munich on Tuesday, shareholders likely will grill Chief Executive Joe Kaeser over the price he agreed in September to pay for U.S. oil equipment ...

Syriza's Challenge: an Empty Treasury

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

The clock is ticking for Syriza--the victorious antiausterity party in Greece's elections--to strike a deal with creditors to keep Greece solvent and in the euro. It wasn't clear yet late Sunday whether the left-wing party had won more than half ...

Leftists Sweep to Power in Greece -- 5th Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Charles Forelle, Nektaria Stamouli and Alkman Granitsas ATHENS--Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of ...

AXIS Capital and PartnerRe to Merge

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Enda Curran Axis Capital Holdings Ltd. and PartnerRe Ltd. said Sunday they have agreed to merge and form one of the world's biggest reinsurance and specialist insurance companies, a firm with a combined market value of $11 billion. The ...

Bundesbank's Weidmann Didn't Back ECB Program

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

FRANKFURT--German central bank President Jens Weidmann didn't vote in favor of the European Central Bank's large-scale bond-buying program, according to excerpts of a newspaper interview to be published Sunday. The ECB's governing council, of which Mr. Weidmann is a member, ...

Sika Says Controlling Family Can't Call EGM

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By John Revill ZURICH-- Sika AG claimed Monday that the Swiss chemicals company's controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc ($3.13 billion) takeover battle ...

Obama, Modi Say Progress Made on Range of Issues

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

NEW DELHI--President Barack Obama and Indian Prime Minister Narendra Modi said they made tangible progress on a range of issues with movement on civil nuclear tradedefense cooperation and climate change. With pageantry on full display, Mr. Obama was scheduled to ...

U.S. Futures, Asian Stocks Fall After Greek Election

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

The euro fell, touching the lowest level against the U.S. dollar and Japanese yen in more than a decade, while Asian stocks and U.S. futures tumbled after Greece's antiausterity Syriza party was projected to win the country's national elections, fueling ...

ECB's Visco Defends QE Program

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

FRANKFURT--European Central Bank governing council member Ignazio Visco has defended the bank's stimulus program, arguing that the eurozone could fall into deflation. In an interview with the Handelsblatt newspaper he noted that prices are rising at a slower rate than ...

U.S. Crude Tests New Lows As Greek Elections Weaken Euro

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Eric Yep Crude-oil futures fell in Asian trade Monday with the U.S. oil benchmark dropping to its lowest level in more than 5 1/2 years as financial markets reeled in the wake of Greece's elections. Oil traders were cautious ...

Syriza's Challenge: an Empty Treasury -- 2nd Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Marcus Walker The clock is ticking for Syriza--the victorious antiausterity party in Greece's elections--to strike a deal with creditors to keep Greece solvent and in the euro. It wasn't clear yet late Sunday whether the left-wing party had won ...

Leftists Sweep to Power in Greece -- 5th Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Charles Forelle, Nektaria Stamouli and Alkman Granitsas ATHENS--Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of ...

U.S. Futures, Asian Stocks Fall After Greek Election -- Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Mike Cherney The euro fell, touching the lowest level against the U.S. dollar and Japanese yen in more than a decade, while Asian stocks and U.S. futures tumbled after Greece's antiausterity Syriza party was projected to win the country's ...

Euro Hits Fresh Lows on Greek Elections

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Hiroyuki Kachi The euro hit fresh lows against the dollar and the yen before staging a rebound later in the session in choppy Asian trade Monday, with the common currency coming under selling pressure due to uncertainties in the ...

Bundesbank Chief Rejects Syriza Call to End Austerity

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

FRANKFURT--The president of the German central bank, Jens Weidmann, on Sunday rejected calls for a debt cut and an end to austerity in Greece after the left-leaning Syriza party led in exit polls. "It is clear that Greece will remain ...

Greek Markets Take a Hit After Election Result -- Update

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Tommy Stubbington Greek markets took a hit after Greece's voters handed power to anti-austerity party Syriza in Sunday's election, but a dip in the euro proved fleeting, and stocks across Europe broadly shrugged off the news. Athens' main stock ...

China's Yuan Falls to Seven-Month Low

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Anjani Trivedi China's yuan fell sharply Monday to its weakest level in seven months, pushed lower by the central bank as Beijing adds to a host of measures aimed at spurring growth. The People's Bank of China set the ...

Syriza Party Leader Vows to End Austerity, Maintain European Ties

TODAY: Jan. 26, 2015 PUB DATE: Jan. 26, 2015

By Stelios Bouras ATHENS--The head of Greece's leftist Syriza party, set to win Sunday's elections, promised Greeks to end the austerity that sent the country into an economic tailspin without causing any "catastrophic break" with Europe. "Greek people have written ...